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| Company | Volkswagen [Company Info] |
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| Date | Issue | Title |
| 4th Jul 2005 | Other Issue | Scandal-hit VW 'halts India plan' |
| Report |
| Volkswagen has postponed making a decision on plans to build a new factory in India in the wake of a bribery scandal at the German carmaker. Business daily Handelsblatt said VW boss Bernd Pischetsrieder had put the plans on hold amid allegations of bribes relating to the project. Last week VW called in auditors KPMG to review bribery allegations at the firm. VW also asked German prosecutors to investigate allegations against former staff at its Czech unit, Skoda. The scandal was triggered by the surprise resignation last month of Helmuth Schuster, Skoda's former personnel chief. Mr Schuster quit amid allegations he took bribes from potential suppliers and set up companies to secure foreign contracts for VW. Separately, Berlin daily Tagesspiegel said plans by VW to build an assembly plant in Angola had also been postponed. VW declined to comment on both reports. The problems at VW widened last week when the head of VW's powerful general works council, Klaus Volkert, said he would step down nine months earlier than planned. Media reports had linked Mr Volkert to the bribery scandal, although he denied any wrong doing. VW, which owns Skoda as well as the Audi, Seat and Bentley marques, reported lower-than-expected first-quarter net profits in April of 70m euros ($91.5m; £48m). |
| Other Reports on Volkswagen | |||
| Date | Issue | Company | Report |
| 25th Jan 2007 | Other Issue | Volkswagen | Hartz sentenced in VW bribe case |
| 17th Jan 2007 | Other Issue | Volkswagen | Former VW boss admits corruption |
| 22nd Jul 2005 | Questionable Practice | Volkswagen | Scandal-hit VW in Indian payout |
| 15th Sep 2004 | Questionable Practice | Volkswagen | Volkswagen puts extra pressure on Unions |
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